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£660,000 mortgage for first-time buyers using 5.5 times salary income multiple

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Trinity Financial recently helped a couple purchase their first home using a 5.5 times salary income multiple.  

They had agreed to start new jobs, requested a part interest-only and part capital repayment, and had a 15% deposit.  

They required their new car allowances to be considered to increase the amount they could borrow, and their combined income was over £100,000. 

How did Trinity help? 

Our clients had agreed to purchase a property and wanted to have their mortgage arranged as quickly as possible. 

Trinity's broker researched the market and found a lender offering competitively priced terms. He submitted their application to the lender on the first day of their new jobs, and as they did not have any payslips, the lender worked off their new contracts.

The bank offered 50% of the mortgage on interest-only and 35% on full capital repayment. It also provided a 5.5 times salary income multiple and produced a mortgage offer within two weeks.  

They took a competitively priced five-year fixed rate for the payment security with the option to overpay 10% per annum without charge.

Call Trinity Financial on 020 7016 0790 for help to secure a mortgage or book a consultation 

As seen in
sunday times telegraph financial times bbc news the express the times
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